Nigeria, India to strengthen partnership in artificial intelligence, solar energy – Envoy
Foreign
INDIA High Commissioner to Nigeria, Gangadharan Balasubramanian, says India and Nigeria are moving to strengthen ties from traditional business cooperation to new areas.
Balasubramanian, the newly appointed Indian High Commissioner to Nigeria, made this known during the commemoration of India’s 76th Independence Day, on Monday in Abuja.
Balasubramanian said that the new areas of cooperation will include fintech, artificial intelligence, scientific development and solar energy.
This he noted will further strengthen bilateral ties between both countries.
The High Commissioner noted that the trade and economic relations between India and Nigeria has been very strong, with over 135 Indian companies operating in Nigeria.
He added that the volume of trade between both countries has increased on both side after the COVID-19 pandemic.
“The trade volume between India and Nigeria was $14.95 billion in 2021. The trade volume has increased substantially after COVID-19, both ways.
“India is a major importer of oil from Nigeria. Nearly about $10 billion worth of oil is being imported from Nigeria.
“India also exports various issues from agricultural products, to petroleum products, to pharmaceuticals, to textiles.
“So, there is a large possibility of increasing this trade and economic cooperation between our two countries,” Balasubramanian said.
He noted that since 1958 when the two countries established diplomatic ties, their relationship has remained one of the best.
“Since then, our relationship has developed in a multi various ways, almost in all places.
“Human capacity development is one of the most important areas in which we are concentrating on.
“And we are very happy that with the assistance and cooperation of successive Nigerian government, we can now say that our relationship is very strong and very cordial,” Balasubramanian said.
He added that the two countries have established positive military cooperation, including training of military personnel.
The envoy said his country will be happy to continue with the partnership and cooperation with Nigeria. (NAN)
Related Posts
Koreans, Nigerians celebrate 2024 Nobel Prize laureate, Han Kang
KOREANS and Nigerians in Federal Capital Territory (FCT), on Friday celebrated Korean literary icon, Han Kang, for winning the 2024 Nobel...
Read MoreMorocco accelerates regionalisation process with 4 new agreements
TANGIER (Morocco), Dec. 21, 2024 (NAN) The Kingdom of Morocco’s 12 regions and several ministerial departments, have signed four framework...
Read MoreSouth Korean President Fails To Appear Before Corruption Watchdog
SOUTH Korea’s impeached President Yoon Suk Yeol failed to appear before the country’s corruption watchdog on Wednesday, it said, after...
Read MoreMost Read
Subscribe to Our Newsletter
Keep abreast of news and other developments from our website.